Service Properties Trust (SVC) announced the sale of three hotels totaling 399 rooms in three states for $22.5 million. This transaction is part of a previously disclosed plan to sell 113 hotels. To date, SVC has sold 23 hotels for $158.2 million and remains under agreement to sell 90 more hotels by the end of 2025. Proceeds from the sales will be used to repay debt, including borrowings under SVC's revolving credit facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Service Properties Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000945394-25-000074), on September 29, 2025, and is solely responsible for the information contained therein.